Herbalife (HLF) Scheduled to Post Quarterly Earnings on Wednesday

Herbalife (NYSE:HLF) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.37 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Herbalife (NYSE:HLF) last released its quarterly earnings data on Wednesday, February 14th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.10). The company had revenue of $1.20 billion during the quarter, compared to the consensus estimate of $1.19 billion. Herbalife had a net margin of 2.81% and a negative return on equity of 19.56%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 earnings per share. On average, analysts expect Herbalife to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Herbalife Price Performance

NYSE HLF opened at $9.25 on Wednesday. The firm has a market cap of $922.56 million, a PE ratio of 6.51 and a beta of 1.22. Herbalife has a one year low of $6.68 and a one year high of $19.48. The stock’s 50 day simple moving average is $8.78 and its 200 day simple moving average is $11.82.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on HLF. Mizuho decreased their price target on Herbalife from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Thursday, March 21st. StockNews.com upgraded Herbalife from a “hold” rating to a “buy” rating in a research report on Friday, February 16th. Bank of America decreased their price target on Herbalife from $10.00 to $8.00 and set an “underperform” rating on the stock in a research report on Thursday, March 21st. Finally, DA Davidson decreased their price target on Herbalife from $11.00 to $9.50 and set a “neutral” rating on the stock in a research report on Monday, March 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Herbalife has an average rating of “Hold” and an average target price of $10.50.

Insiders Place Their Bets

In related news, EVP Henry C. Wang purchased 2,778 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $9.30 per share, with a total value of $25,835.40. Following the purchase, the executive vice president now directly owns 176,194 shares in the company, valued at approximately $1,638,604.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Henry C. Wang purchased 2,778 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average price of $9.30 per share, with a total value of $25,835.40. Following the purchase, the executive vice president now directly owns 176,194 shares in the company, valued at approximately $1,638,604.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael Johnson purchased 61,725 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was bought at an average cost of $8.07 per share, for a total transaction of $498,120.75. Following the purchase, the chief executive officer now owns 603,707 shares in the company, valued at $4,871,915.49. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 85,757 shares of company stock valued at $723,278. 0.94% of the stock is currently owned by corporate insiders.

Herbalife Company Profile

Herbalife Ltd. provides health and wellness products in North America, Mexico, South and Central America, Europe, the Middle East, Africa, China, and the Asia Pacific. It offers products in the areas of weight management; targeted nutrition; energy, sports, and fitness; outer nutrition; and literature and promotional items.